Agrium to sell turf and ornamental business to Koch Agronomic Services

11:24 AM MDT | May 9, 2014 | Rebecca Coons

Agrium announced today that it has entered into a definitive agreement with Koch Agronomic Services, LLC, an affiliate of Koch Fertilizer, LLC, to sell its Turf and Ornamental business for approximately $85-million including working capital. The transaction is part of a strategic review process completed in 2013 with regards to the discontinued operations of the former Agrium Advanced Technologies (AAT) business unit, Agrium says. The transaction is subject to customary closing conditions, final purchase price adjustments and regulatory clearances and the sale is...